Yes, you can still file your 2024 return electronically using TurboTax. The NETFILE system for 2024 returns is typically open until January 30, 2026.
If you are filing late, the consequences depend...
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Yes, you can still file your 2024 return electronically using TurboTax. The NETFILE system for 2024 returns is typically open until January 30, 2026.
If you are filing late, the consequences depend on whether you owe money:
If you are getting a refund, there is no penalty for filing late.
If you owe taxes, you will likely face a late-filing penalty.
Interest: The CRA charges compound daily interest on any unpaid balance starting from May 1, 2025 (If you owe any)
For more information, refer to CRA link: Interest and penalties on late taxes
Use this link to prepare and file your tax return for Tax Year 2024: Tax Year 2024. Here is a link to the prior year's taxes.
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